18 December 2025
Service Manager :  Sineerat (0-2257-0357 # 301)
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Bond Market Overview
 
Background
The Thai bond market has grown rapidly in recent years after the 1997's economic crisis. To help support cash-strapped financial institutions, in June1998 the government issued government bonds for the first time in the decade. The total amount of government bonds issued under this program was THB 500 billion and this has opened a new era for the Thai bond market. The government continued to issue bonds since then with the primary objective to finance budget deficit resulted from the crisis. The substantial amount of new government bonds coupled with successively downtrend of interest rates have contributed to the robust of the bond market as evidenced by a significant increase in both market size and trading volume. The outstanding value of total bond market increased from THB 547 billion in 1996 to 498 issues worth THB 1,507 billion at the end of 2001. Trading volume in the secondary market rose from a daily average of only THB 822 million in 1996 to THB 6,472 million in 2001.
Remark: 1. Data excludes FX Bond.
2. The yield on Inflation-linked bond is a real yield to maturity.

Market Wrap up
Total trading value decreased by 35%.Govt gained the major portion or by 42% of total outright trading value , following by SA and CP bonds,respectively.Govt bonds yields fluctuated within a range of -2 to 7 bp.Govt clean price index ended higher by 9 bp and corp index (BBB up) closed higher by 4 bp.The most active issue was BOTF276A.

Trading & Outstanding valueMln. (THB)Chg.(%)
 Outstanding Value 17,857,041.63   0.01  
 Number of issues 2,773  
 Total Trading Value 1,278,726.76   -35.36  
   Outright/Cash Trading 83,271.42   71.09  
   Financing 1,192,603.10   -38.1  
   Others 2,852.25   5.41  
Price value of basis point (PVBP)BAHT
 PVBP of Government bond 760,236,100.23  


 
ThaiBMA Bond Index                                                                                                                      
TypeClean PriceGross PriceTotal ReturnAvg. YieldAvg. DurAvg. Convex
Government Bond 112.21 0.09 112.53 0.09 363.44 0.31 2.05   9.22   174.30  
    Group 1 ( 1 < TTM <=3 ) 71.87 0.05 72.03 0.03 229.84 0.17 1.18   1.98   5.26  
    Group 2 ( 3 < TTM <= 7 ) 108.69 0.08 109.54 0.16 338.50 0.26 1.33   4.34   22.94  
    Group 3 ( 7 < TTM <= 10 ) 143.61 0.12 143.84 0.13 463.84 0.42 1.63   7.64   66.49  
    Group 4 ( 10 < TTM ) 192.31 0.17 192.49 0.18 634.67 0.61 2.23   15.38   347.40  
    Group 5 (<= 10) 90.64 0.06 91.05 0.07 286.36 0.21 1.40   3.84   22.89  
SOE (G) Bond Index 104.57 0.05 105.06 0.04 201.57 0.11 1.66   4.40   34.20  
SOE (NG) Bond Index 112.23 0.06 112.96 0.07 231.61 0.15 2.21   5.86   53.86  
Corporate Bond Index (BBB up) 108.56 0.04 109.18 0.04 234.32 0.11 2.52   2.99   16.46  
Corporate Bond Index (BBB+ up) 108.96 0.04 109.59 0.04 234.28 0.11 2.47   3.05   16.99  
 
Top 5 Most Active Bond                                                                                                                  
 BondType/
Issue Rating
Coupon Rate
(%)
Maturity
Date
TTM
(Years)
Last
Exec.Yield(%)
Weight
Avg.Price(%)
Trading Value
(THB mln.)
1.  BOTF276A SA 1.29235   30-Jun-27 1.53   1.309896   99.989709   5,298.02  
2.  LB726A GB 4.00000   17-Jun-72 46.53   2.400582   144.658593   5,093.75  
3.  LB26DA GB 2.12500   17-Dec-26 1.00   1.123552   100.981195   4,843.43  
4.  CB26115A SA 0.00000   15-Jan-26 0.08   1.043876   99.920948   3,331.36  
5.  CBF26119A SA 1.79032   19-Jan-26 0.09   1.268120   100.006433   3,172.65  
 
 
 
 Market News
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Found 65258 headlines
No. Date/Time Headlines
39286.       07-Jul-15 09:20     TRIS Rating Assigns “BBB+/Stable” Rating to Senior Unsecured Debt of “TUC”
39287.       07-Jul-15 09:18     TRIS Rating Assigns “A-/Stable” Rating to Senior Unsecured Debt Worth Up to Bt500 Million of “CFGS”
39288.       07-Jul-15 09:18     TRIS Rating Assigns “A-/Stable” Rating to Senior Unsecured Debt Worth Up to Bt500 Million of “CFGS”
39289.       07-Jul-15 09:18     TRIS Rating Assigns “A-/Stable” Rating to Senior Unsecured Debt Worth Up to Bt500 Million of “CFGS”
39290.       07-Jul-15 09:18     TRIS Rating Assigns “A-/Stable” Rating to Senior Unsecured Debt Worth Up to Bt500 Million of “CFGS”
39291.       07-Jul-15 09:18     TRIS Rating Assigns “A-/Stable” Rating to Senior Unsecured Debt Worth Up to Bt500 Million of “CFGS”
39292.       07-Jul-15 09:18     TRIS Rating Assigns “A-/Stable” Rating to Senior Unsecured Debt Worth Up to Bt500 Million of “CFGS”
39293.       06-Jul-15 16:30     S-T debentures  of  KK to be registered on July 06, 2015
39294.       06-Jul-15 16:29     BE  of  KTC to be registered on July 06, 2015
39295.       06-Jul-15 16:29     BE  of  ZMICOSEC to be registered on July 06, 2015
39296.       06-Jul-15 16:29     BE  of  ZMICOSEC to be registered on July 06, 2015
39297.       06-Jul-15 10:48     Treasury Bill Auction Results
39298.       06-Jul-15 08:17     Fitch Rates CIMB Thai Bank’s Short-Term Programme at ‘F1+(tha)'
39299.       03-Jul-15 16:21     STN   of  DBSV to be registered on July 03, 2015
39300.       03-Jul-15 16:19     S-T debentures  of  TBANK to be registered on July 03, 2015
 
 
Disclamer